The current unpredictable economic situation in Belarus, Russia and Ukraine forces businesses to seek a safe haven for their money and ideas in the West. From year to year, the number of companies that have moved from the CIS countries to Lithuania is increasing, Invest Lithuania, the country’s investment promotion agency, reports. […]
JetCat Games, founded by three game developers from Belarus, Ukraine, and Russia, has just marked a new milestone in the Lithuanian gamedev industry by becoming the first game developer to receive venture capital from a Lithuanian risk capital fund. The indie game development company, which moved to Vilnius almost a year ago, has just received EUR 100 000 from Lithuania-based venture fund Practica Capital. […]
Ukraine’s Economy Minister Aivaras Abromavičius, who is Lithuanian, is visiting Vilnius on Friday. […]
Saulius Skvernelis, Minister of Interior of Lithuania, instructed his staff to draft a new procedure which will significantly ease and speed up the process for non-EU companies planning to invest in Lithuania. […]
It has been a good year so for Lithuania’s airports with traffic across its three biggest gateways up by 11% in the first five months of 2015. […]
Asked to share his impression of the 2015 LOGIN, one of the biggest tech events in the Baltics held between 7–8 May in Vilnius, Marcin Hejka, Vice President and Managing Director of Intel Capital, Poland, revealed that he had observed “tremendous progress” in the Lithuanian market during the past 2 years. […]
In recent years, Italian investors have shown increased interest in investment opportunities in Lithuania. […]
Recently we have seen reports of B2B companies moving into Lithuania’s borders and setting up shop. Google is also establishing a presence in the small Baltic state. […]
The tech sector thrives in this Baltic state, and education in the STEM field is at the core of its growth. […]
The Norwegian company Devold, which is engaged in making knitwear, is building a new plant in Panevėžys Free Economic Zone, Lithuania. […]
EUROC Lithuania celebrates the fifth birthday of the establishment. Within the past 4 years, EUROC expanded more than 5 times from the initial plan of 250 employees in 2010 to more than 1,300 employees today (2015 April). During this time, Western Union‘s (WU) centre in Lithuania has experienced the strongest growth in global WU scale. Now EUROC has become the largest WU site in the world, said Invest Lithuania, the government’s foreign investment promotion agency. […]
Finnish investments generated more jobs in Lithuania than any other foreign investment in 2014. Finland made nearly 30 million euros worth of new direct investments last year, retaining its position from 2013 as the country’s eighth largest foreign investor. The most significant foreign investors in Lithuania were Cyprus, Latvia and Sweden. […]
Lithuanian startup arena has been heating up in recent years. Friendly business environment, relatively low taxes, advanced IT infrastructure, favourable relocation conditions have mightily influenced the increasing number of startups, foreign investment and community events. […]
On 18 May in Vilnius, Deputy Minister of Foreign Affairs of Lithuania Rolandas Kriščiūnas and Vice-Governor of Shandong Province Xia Geng opened a business forum, which was attended by about 50 representatives of Chinese enterprises and 70 representatives of Lithuanian companies. Business meetings were also held and interests of the two countries were presented. […]
The Palanga bypass public-private partnership (PPP) project has been opened to the public. […]
Bentley Systems, a global software supplier that opened its first office in Lithuania 10 years ago, is expanding and opening a new office in Kaunas, reports Invest Lithuania, the country’s state investment promotion agency. […]
One of the world’s largest insurance companies – American International Group (AIG) – has established a Service Centre in Vilnius, Lithuania. As an integral part of AIG’s network covering Europe, Middle East and African markets, the Vilnius AIG centre will service insurance policies, manage claims and oversee benefit payouts. […]
Norwegian banking and insurance company Storebrand officially launched its brand new training centre in Vilnius. […]
The Germany-based Klasmann-Deilmann Group has announced EUR 11 million worth of investments in Klaipėda County, Lithuania. The company is to build a further state-of-the-art production line for manufacturing peat products and growing media for the worldwide commercial-horticulture sector. Its intended expansion of an existing factory at the Šilutė site includes plans for high-performance mixing, screening and packing facilities, a research laboratory and an experimental greenhouse for product development. This will involve the creation of at least 20 new jobs over the next three years. […]
Newly released data shows that German firms are the largest foreign direct investors in Lithuania’s manufacturing industry. […]
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